No post last night i just didnt have the time. Down day for me anyway. im going to have to start doing my analysis at night again because i just dont have the time ion the AM at work. I mean doesn't work start at 8AM ... So why does the boss think that because im here at 7AM that he can just get me to start doing shit before 8AM. Maybe i should do my pre market analysis at home in the AM. FML at work lol
News: Personal income @ 8:30AM , consumer sentiment @ 9:55AM, Pending home sales @ 10AM
Trade plan and Price action analysis: (Price action) Yesterday action saw ES move higher off of the 1313 cvpoc area and breaking the highs of the previous day. This is bullish short term and im expecting higher prices to follow as the bulls are back in control of this market. Globex has placed value higher up on yesterday giving us a bullish macro structure. The 1330 level held on the up side and the 1324 level held on the down side.
(Trade plan) We have a few news releases out today that could provide some movement in the morning. Today is the Friday in front of a holiday weekend and we could just chop around after the initial reaction on the release. With the overall price action the past few sessions im expecting support to be bought and on any PBs. We have the 1323-1324.50 level which is also globex lows and i expect buyers to be there on first touch a break below that could bring in a fast move down to the 1318.1319 level were i still expect buyers to be active. Im bullish above the globex lows area at 1323 very short term and bearish below the 1313 area. Over all i will focus on the long side into support areas.
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